Yes a decent buy price UNLESS the market continues down further- generally all companies will follow it down IF IT HAPPENS
Maybe he is part of the reason the stock is a reliable source of income. If he produces the results he has forecasted, I'll be very happy with him.
I added at 13.90. The conference call didn't increase my expectation for more than a .01 increase in the dividend. But a reliable 5%+ yield with the potential for larger increases some day keeps me long. Zucaro is no ball of fire, even for an insurance company. I have to think he's part of the reason Wall Street isn't excited about the stock.
2015 will be better IMO and of course there is the possibility for a positive lawsuit result.
Enjoy the dividend while we wait, add on weakness is my plan---- as positive news or results will be a fast catalyst.
Sentiment: Strong Buy
I still have some hope for this. It is in my retirement account so I need the dividend, but if it turns around that would be a bonus. I might add some shares with the dip. ORI does need some new and inspired leadership however. That would be a welcomed change. JMO
Yes an old boring company, BUT the dividend looks safe with a low PE. Eventually management (maybe new)
will steer this company in a decent growth direction. Nothing wrong with buying at these new lows and waiting.
Again, Work Comp is killing them. PMA acquisition just another stupid move by Zucaro, not quite as bad as the Land America fiasco or the PMI/MTG nightmare, but not far behind at this point. How many millions is that clown going to flush down the toilet until he's dismissed? I am counting well over half a billion at this point.
Stagnant business and earnings, nothing to get excited about. Earnings miss slightly, dividend still safe, tangible book value still solid at $15.15. We wait for another 3 months and hope for something to cheer about,
maybe a generous settlement of the lawsuit?
I don't think they'll announce the dividend with the earnings report. Last year they did it nearer to the end of February. I am cautiously optimistic that it can be more than .01 this year given that they had enough money to start a new venture. But maybe that's why they can't! :) .01 is still the best assumption to make.
A 5.2% yield plus future increases of any amount makes this very attractive for income investors. For income investors it's a strong buy IMO. And some day it will grow again.
Sentiment: Strong Buy